Slonim et al. (2014) discuss the problems of blood allocation in different countries and suggest a mechanism that can improve it. The present article is a summary of their main ideas.
In the wealthy countries blood is mostly supplied […]
You play rock-paper-scissors against someone. What is the best strategy? Of course, it depends of what your opponent does. If he is someone who always plays “rock”, then you better play “paper”. But if your opponent is not that naïve […]
This month I present the winner article of the Royal Economic Society Prize 2013 to the best non-solicited paper published in the Economic Journal. The authors are Pau Olivella and Marcos Vera-Hernández.
One of the first predictions in the study […]
Economic models of perfect competition and of monopoly only need to include individual behavior that takes the environment as given. In the case of perfect competition, individual firms and consumers only need to know the prevailing market prices to decide […]
Every year, as the International Women’s Day approaches, a classic topic for the media is to summarize statistics related to the gender wage gap. The empirical evidence is overwhelming: differences between men and women in the labor market are […]
The literature of experimental economics has documented that individuals consistently make voluntary payments. Two methodological questions arise from this fact. First, which are the precise drivers of this pro-social behavior and, second, whether these findings can be extended to real […]
The most distinctive feature of modern economics is probably its reliance on the methodology of mathematical model building. The final aim of scientific model building is illuminating real phenomena; furthermore, models are basically logical arguments, whose main virtue is that […]
I will end this survey of the main contributions to the economics of scientific knowledge (ESK) by discussing the works which attempt to offer a more or less systematic conception of the process of scientific discovery; in this entry, I […]
The relative wage of high-skilled to low-skilled workers began to increase in US manufacturing industries in the late 1980s, and this phenomenon was also observed in Mexico. At the same time, the US–Mexican trade as a percentage of US GDP […]
Authors: José Carlos R. Alcantud and Annick Laruelle
José Carlos R. Alcantud is a professor of Economics at the department of economics and economic history and a member of the multidisciplinary business institute (IME) of the University of Salamanca